The Government is to unveil a blueprint for a new £155-a-week state pension. The plans, confirmed in the Queen’s Speech last week and due to be finalised in the coming months, will rescue future pensioners from the indignity of means-testing. But 12 million people already retired will be stuck in a relic of Britain’s messy pensions past — and left feeling like second-class citizens. Dan Hyde explains . . .
HOW DOES THE STATE PENSION WORK?
The state pension has two parts. The first is the basic state pension, worth up to £107.45 a week. You need 30 years of full National Insurance (NI) contributions to get the maximum.....Read more here